Forum Energy Technologies (NYSE:FET) Releases Quarterly Earnings Results

Forum Energy Technologies (NYSE:FET) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.07) EPS for the quarter, Zacks reports. The firm had revenue of $205.20 million for the quarter. Forum Energy Technologies had a negative net margin of 3.34% and a negative return on equity of 1.39%. During the same quarter last year, the firm earned $0.10 EPS.

Forum Energy Technologies Price Performance

Shares of NYSE:FET traded down $0.76 on Friday, reaching $16.57. The company’s stock had a trading volume of 67,163 shares, compared to its average volume of 52,606. Forum Energy Technologies has a 52-week low of $15.27 and a 52-week high of $28.73. The company has a market cap of $203.48 million, a P/E ratio of -7.02 and a beta of 2.53. The company has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $18.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.26 and a current ratio of 2.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

About Forum Energy Technologies

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.